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20121230
20121230
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English 41
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. >> reporter: in the weekly address to the nation, president obama urged congress to do something. >> we can't afford a politically self-inflicted wound to our economy. >> reporter: congress will try to find compromise. >> i am still optimistic and i think we can avert this and there is enough common sense to come together and get it solved. >> reporter: a combination will kick in on january 1st. if no deal is made, president obama will press congress to vote on a plan c, one keeping tax cuts in place for most americans. in washington, mike emmanuel, fox news. >> when it comes to the spending cuts, critics are more concerned. they will be cut by $50 million what will be cut is undetermined. >> it's going to affect the operational force that is deployed in terms of its ability to maintain its equipment and to get repair parts and that forces on force is deployed around the world. not just in afghanistan but being reduced. it would impact the training of the force. >> whatever happens, citizens won't so any trouble if congress doesn't act by the new year. they have a few days to act. >>> fair
in congress. >> reporter: the farm bill will expire. the price bob gets paid for his milk will double back to 1949 standards. good news for him, but that means a gallon of milk at the grocery store will cost around $8. >> i'd drink juice. and i'm loyal to milk. >> reporter: but it's not just milk that is going to be affected by all of this. if there isn't an extension a block of brie imported from france will be half as much as a block of cheddar cheese from vermont. >> i wouldn't pay it. >> reporter: that's exactly what bob and hundreds of other farmers are worried about. >> we're the end of the line. >> and not to be left out, there is also a wind turbine cliff, a tax credit for wind powered production that is also set to expire. one energy security group says it does not expect the one-year credit extension which has been criticized as too costly to be part of any fiscal cliff deal. so many cliffs, so little time. >>> do you watch abc's hit show "modern family" it has become a bit of a phenomenon. we sat down with one of the emmy winning producers and how they create nose crazy and hila
to congress. >> reporter: republicans have had several chances to pass a deal to avoid the fiscal cliff, but they did not do so. the president seems cautiously optimistic something will happen. the president adds that -- adding that he asked the senate to come up with a deal, but that if they do not, he says he wants them to vote to extending the bush tax cuts for the middle class. positive news, concerning former president george h.w. bush. his office released a statement saying he has been moved out of the intensive care unit and into a regular patient room at methodist hospital. he was admit to the the hospital, the day after thanksgiving with bronchitis. three people are dead after a small plane crash in california. investigators say a 63-year-old man, his wife and daughter were flying from san diego to phoenix when the crash happened. the cause is under investigation. final preparations are underway for the big new year's eve celebrations in times square. organizers have tested the confet tow make sure it floats. thousands of people from around the world wrote wishes on the confety
. >>> messages to congress. cnn ireporter sending in their thoughts on the fiscal cliff and the politicians behind the looming crisis. we'll hear from some of them. >>> plus, we're taking a look at the ten most memorable moments of 2012 from around the world. share everything. share brotherly love. share one up's. mom ? mom ? the share everything plan. lets your family share a pool of data across 10 devices with unlimited talk and text. now get a lucid by lg, free. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. [ male announcer ] jill and her mouth have lived a great life. but she has some dental issues she's not happy about. so i introduced jill to crest pro-health for life. selected for people over 50. pro-health for life is a toothpaste that defends against tender, inflamed gums, sensitivity and weak enamel. conditions people over 50 experience. crest p
for future cooperation on more economic growth and deficit reduction. >> reporter: the current congress will be in session until january 3rd. after that, 13 new senators and 82 new house members will take over and unher it the huge problem out of the congressional gates. audrey barns, fox 5 news. >>> love that song. redskins fans coming down to tomorrow night's kickoffs against the rival, the cowboys. a lot is on the line and lindsay murphy joins us now. feels like christmas eve all over again. >> and i am going to -- some football. >> reporter: redskins have had nailbiters this year and this is the first since 1979 that both of the teams were fighting to make it in the season. >> and everyone in the media, you could not have scripted it better. >> i know. >> and this is against the most hated rival. >> reporter: they would guarantee themselves at least a wild card spot if the bears and vikes lose. they must beat dallas to win the division and advance to the post season. tomorrow will be the final game of the season for dallas if they lose and this is an eerily familiar feeling for cowb
they are and there should an up or down vote. >> reporter: if they reach a deal it won't pass congress necessarily by monday night. if it doesn't every body income tax also go up. average family would pay an extra $3446 more in 2013. and farm programs would expire. potentially doubling the price of milk. and if congress doesn't pass a new bill. >> we will come back with a new congress in january 4th and the first bill that will be introduced will be class families. >> reporter: the bargaining continues tonight. abc news, new york. >> for more on the fiscal cliff we have you covered. go to abc2news.com. head to the home page slide show for breakdown of what difference scenarios in -- difficulty scenarios in washington -differ scenarios in washingtoncould different scenarios could mean in washington. >>> look at the flames shooting from this house. investigators say a 4-year-old saw the fire and told his grandmother because his parents were not home. man inside tried to put it out- - -- a man inside tried to put piet out but the flames were too intense. no one was injured but the fire caused more than $100,00
with people's lives. and i don't think that's correct. >> reporter: even if congress manages to break the gridlock in time, more trouble is just around the corner. when the u.s. reaches the debt limit again in a few weeks. tara mergener for cbs news, washington. >>> a new state law that goes into effect tuesday worries people concerned about distracted driving. the law will allow drivers to send text messages as long as they use technology that is fully voice operated and hands- free. supporters of the new law say it's better than having drivers type while driving but opponents say that hands-free texting still draws attention away from the road. >>> other than laws going into effect carbon monoxide detectors must be installed in condos and apartments with smoke detectors. two laws ban businesses and schools from demanding that employees or students share their social media information. breast-feeding will be added to protected conditions that prevent discrimination in employment or housing. school officials and coaches must report suspected child sexual abuse. and testing of self-dri
ought to have a separate commission taking a look at this challenge, reporting back to congress and entertaining alternatives and substitutes on the floor that will meet, certify to meet the same goal. that is important. we also know that medicare in 12 years will not have the resources it needs to meet its obligations. 40 million or 50 million americans depend on it for, literally for their life and death issues when it comes to health care. we need to work on that immediately to deal with reducing the cost of medicare and still protecting the integrity and promise of that amazing program that has served us so well for almost 50 years. so we have a challenge ahead of us. first let's work together on a bipartisan basis to try to avoid this fiscal cliff. if we cannot, let's work as quickly as we can to get back on our feet on a bipartisan basis and come up with an agreement that moves our economy forward. finally, let's deal with destruction and long-term entitlement reform. that is part of our obligation. mr. president, i spoke to our senate democratic caucus a little earlier to
of congress. the report are vice president joe biden is involved and trying to -- he has successfully talked with senator mcconnell in the past and the good faith discussions are happening. i believe in the innate good of republicans and democrats and the fact we're americans and patriots first and understand what this is going to do to every american if they do not find a solution. every single american's taxes will go up. it's going to hurt the economy. 2 million people will lose unemployment insurance. i believe people are working i good faith. there are significant differences but they have -- i've been around long enough to know there's a lot of time and it can go beyond midnight. the new congress does not come in until thursday afternoon. we've got a couple of days. >> brad, i want to give you 15 more seconds but i have to take a commercial break. sit tight, we're watching capitol hill and we'll bring you the latest as lawmakers struggle to reach a deal to avoid the fiscal cliff. a brand-new hours of fox report next. [ male announcer ] wouldn't it be cool if we took the already great s
from viewers, reporters, members of congress, and others. c-span.org/fiscalcliff. we understand the democratic caucus meeting made the whole thing up. gina is on the independent line from tennessee. caller: i believe there needs to be a fair tax. all of this planning, we need to look at where we started and how much spending we're doing. the democrats are refusing to quit the spending. it is kind of like they're holding the noose on the gnp -- gop. i used to be a democrat but and now an independent. the entitlements need to be taken care of. i am not talking about social security and medicare. i am talking about food stamps and welfare and all of the people being pandered to since the beginning of 2008. host: you mentioned a fair tax. what do you like about that? what do you mean by that sort of proposal? caller: if you take the income of the ones actual working, actual tax payers, and do it to what they are making, if you make more money, you are going to pay more money. it should be a fair tax straight across the board. there is no reason why someone who makes $250,000 should
verne is starting to be diminished by the polarization in congress and it should frustrate americans, great ireports, people deal with different people with different opinions every day, they find a way to work together and solve problems. how come that attitude is totally absent in washington? >> i think one of the great -- certainly the greatest things of americans is the ability to compromise. you seem to be implying here that all of democracy is threatened by this. >>? a crisis of self-government. we have had divided government that's worked beautifully before. we have got the marshall brandon, the highway system, civil rights bills in the 1960s, lbj as president, dirkson in the senate. we have done this before, all the accomplishments of the reagan era this disfunction is something new, the result of the polarization, party he is being more polarized than ever before, the increased power of the professional partisan activist class, actively arguing on other side to not make a deal saying a bad deal is worse than no deal, go over the cliff. these voices have real influence right
in benghazi, and i think it was an excellent report. there are other committees of congress continuing with their own investigations, and each of these will and should make a valuable contribution to our understanding of what happened at benghazi so that we can take steps to make sure nothing like it ever happens again. under the rules of the senate, the committee on homeland security and governmental affairs has unique mandate to investigate the effectiveness and efficiency of governmental agencies, especially when matters that span multiple agencies are involved. our report is intended to inform the senate and the american people about events immediately before, during and after the attack at benghazi. in order to contribute most to the public debate, we have chosen to include only unclassified information in this report. we are hopeful that the report can and will make an important contribution to the ongoing discussions about how to better protect our diplomatic personnel abroad. our report contains ten findings and 11 recommendations that we believe can help us protect our diploma
to happen. in response to this growing threat in our 2011 annual report, the u.s. intellectual property coordinator called upon congress to increase the penalties for economic espionage and this bill is consistent with that recommendation. i would like to commend the members of both sides of the aisle for their work on this bill, particularly the gentleman from texas, the chair of the committee, mr. smith, the ranking member, the gentleman from michigan, mr. conyers, the incoming chair of the judiciary committee, my colleague from virginia, mr. goodlatte and the gentleman from north carolina, mr. watt, who worked diligently on this bill and i recognize the leadership of senator lay high and i -- leahy. and i reserve the balance of my time. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from texas is -- the gentleman from texas -- mr. scott: i yield back the balance of my time. the speaker pro tempore: the gentleman from virginia yields back the gentleman from texas. mr. smith: i yield back the balance of my time. the speaker pro tempore: the quest
an obligation to do the best we can and that was made very clear in the white house. >> reporter: president obama says it's important for congress to vote on some type of package before the fiscal cliff deadline expires. >> if an agreement isn't reached in time between senator reid and senator mcconnell, then i will urge senator reid to bring to the floor a basic package for an upor -- up or down vote, one that protects the middle class from a hike, extends insurance to 2 million americans looking for a job and lays the groundwork for future cooperation on more economic growth and deficit reduction. >> the current congress only be in session until january 3rd. after that, 13 new senators and 82 new house members will take over and inherit this huge problem, right out of the congressional gate. audrey barnes, fox 5 news. >> critics are most concerned about the -- spending will be cut by more than $50 billion but exactly what is cut is still to be determined. >> going to affect the operational force that's deployed in terms of its ability to maintain its equipment, to get repair parts and tha
up for all americans. will the president's pressure on congress in the last 24 hours bring a deal? john carl has some answers. reporter: with just three days left, finally a imlimmer of hope. >> i'm hopeful and optimistic. >> it's going to be imperfect and people aren't going to like it. >> right now it's in the hands of the two senate leaders pgz democrat harry reid and republican mitch mcconnell. they're working on a minideal that would preinvestigate a tax increase for roughly 98 of american workers, and extend unemployment benefits set to expire for two million people, and cut payments in medicare doctors. >> the american people are watching what we do here. obviously their patience is already thin. this is deja vu all over again. >> the 11th hour evident comes after the president met with the congressional leadership at the white house. his first such meeting in six weeks. even if mcconnell and reid come to agreement, there's no guarantee it will pass before the end of the year. the agreement represents what the president called the bare minimum. extending tax cuts, while doi
it now. uke messer,tative lo thank you for being on "newsmakers." let me turn to our reporters for a bit of a rapid conversation. he is the freshman president for public and, coming into the 113th congress. who are they? >> they are a very diverse bunch. there are some people who are new to politics. but a lot of them are long lines of luke messer, who have been in government at many levels. they're able to see a little bit more context than some of the fire breathing -- for lack of a better term. it will be interesting. it is not that much smaller of the freshman class, and there are fewer republicans, but they seem to be oriented toward public policy and any number of ways. >> is indicating he would support speaker boehner for the 130th congress. are they going to get along in this group -- 113th congress? are they going to get along in this group? >> there were a lot of problems during the debt negotiations. democrats had to step up and vote for the proposal to give it to pass. that is a fair question for this freshman class. are they going to support speaker boehner, or are they not?
. that is the inescapable conclusion of that lonn litany of failures. and i think that whilehe scope of this report is very limited it lays a basis for congress to go forward. i think that we shouldn't link at the clear and sharp, unambiguous statement. there was no demonstration in benghazi. they knew from the get-go that this was a terrorist attack. lou: you can cut this any number of ways that you want to in thi administration. the american peole wre lied to. ey were like two from the outset of this tragedy. these terrorist attacks are still being lied about whether directly or a mission, as far as i am personally concerned. ambassador, i want tointerject something to you. if i may. there is a phrase of the week on this broadcast. thing the state department on tuesday dismissed john bolton's assertion that secetary of state hillary clinton have faked an injury and illness about the libyan terrorist attack. here's what ambassador bolton said. every foreign service officein every foreign minister in the world knows the phrase whenyou don't want to go to a meeting or conference or an event, you have a dipl
suspend the rules and pass s.j. 44. the speaker pro tempore: the clerk will report the 250eu9le of -- title of the joint resolution. the clerk: senate joint resolution 44, granting the consent of congress to emergency management assistance memorandum of understanding. the speaker pro tempore: the gentlewoman from florida, ms. ros-lehtinen, and the gentleman from verge, mr. connolly, each will control 20 minutes. ms. ros-lehtinen: i ask that all members have five legislative days to revise and extend than include extraneous material on this bill. the speaker pro tempore: without objection, the gentlelady is recognized. ms. ros-lehtinen: i will place my statement in the record and reserve the plans of our time. the speaker pro tempore: the gentleman from virginia is recognized. mr. connolly: i thank my colleague for her eloquence on this matter, i also support the resolution, will insert a statement into the record and yield back the balance of my time. the speaker pro tempore: the gentleman yields back. ms. ros-lehtinen: i yield back the balance of our time. the speaker pro tempo
to connect with the show. on twitter, and you can n sech for "washington business report" on facebook and existing version onon the beat l.a..com. search using q quotation marks -- wjla.c. weope to see you again and the new yeyear. and to congress, we hope we gave them a ltle bit of inspiration ts week from people known for getting things done. i'm rebecca cooper. happy new year..
to avoid the fiscal cliff rapidly approaches. president obama says he's optimistic that congress will reach a deal in time. chris mozingo has the story. >> reporter: converses running out of time if before the economy will go over the fiscal cliff. they say that reaching a deal will not be easy. >> we cannot afford a politically self-inflicted wound to the economy. the people that you sent to washington half to do with their jobs. >> mitch mcconnell was are riding on capitol hill just hours before meeting with obama. >> we are going to see if we can get there in the next 24 hours. i am hopeful and optimistic. >> politicians on both sides have the responsibility but the president's tax hike will not do much to address the debt. >> the top 25 of american will not even pay one-third of the annual interest that is owed for this 16 trillion dollar debt. >> washington will return before the end of the year but they are likely to be burning the midnight oil. >>> we'll take a quick break on kron 4 news weekend. but first, let's take a live look outside at san francisco from our roof cam here on van
of five who has been searching for work since february. >> if congress does not extend the unemployment benefits, then i would be without a home and i really don't know what else we would do. >> reporter: the deal under discussion in the senate right now doesn't even include the biggest part of the fiscal cliff, that 1.2 trillion dollars in mandatory budget cuts, spending cuts that are also due to kick in this tuesday. the thinking up here goes like this, let's handle the tax cuts now, and readvise the spending cuts later. >> thank you. in addition to the $500 billion in automatic tax hikes, as you just heard from wyatt, the fiscal cliff also includes 1.2 trillion in mandatory spending cuts. congressional democrats and republicans agreed to these drastic cuts last year, to force both parties to the table on deficit reduction. if they can agree by monday at midnight, the following cut take effects. over the next nine years, the u.s. defense budget would be reduced by $455 billion. domestic programs would be slashed by 464 billion. 1,000 government programs face potential cuts, including
year, we're nearing d-day, less than 48 hours before we hit that fiscal cliff, will congress and white house be able to reach a deal? we'll have a live report from washington at the top of the hour. then he's one of our favorite neurotic guys on television, larry david. >> you come down the hall and you wouldn't let me get by and signed in ahead of me. and my appointment was 11:30, yours is 11:45. >> it turns out being neurotic may actually be good for you. >> clayton: oh, finally, something i can hang my hat on. ♪ initiated. neural speeds increasing to 4g lte. brain upgrading to a quad-core processor. predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. ♪ ooh baby, can i do for you today? ♪ [ female announcer ] need help keeping your digestive balance? align can help. nly align has bifantis, a patented probiotic that naturally helps maintain your digestive balance. try align to help retain a balanced digestive system. try the #1 gastroenterologist recommended probiotic. align. >> good mor
the new york city newsroom. >> reporter: many small, owners are hesitating to expand, for fear their bottom line will suffer as the fiscal cliff looms and congress can't seem to compromise. the owner of an internet marketing company is concerned that the change in tax rates will hurt his ability to hire. he says the uncertainty is making him run his business defensively, making decisions based on business already coming in because he can't risk losing it all. >> knowing the rules has -- is -- is much more important than what the rules really are. because then you can actually say, okay, this is what we can do, this is what our margins are going to look like. this is what we are going to be able to plan on. >> reporter: economists say one of the effects of the fiscal cliff is that businesses are holding back on spending money, whether re-investing in stock, machinery and equipment or products they sell and for a slowly strengthening economy, the shock of less spending could be all it takes to push the country back into a recession. >> businesses are not require -- hiring workers
. president obama has been trying to turn the heat on congress this weekend, applying new pressure on this interview with david gregory on "meet the press." nbc's kristen welker has more on that angle from the white house. good evening. >> reporter: kate you good evening. the president has repeatedly blamed republicans for the fiscal cliff stalemate and now, he is doubling down on that criticism. on "meet the press," president obama continued his public campaign to pressure congress. >> if congress doesn't act, then everybody's taxes go up. and for the average family that could mean a loss of $2,000 in income and the whole economy could slow down at a time went economy's actually starting to pick up. >> reporter: he, again, called on lawmakers to strike a deal or hold a vote on his plan, which would raise tax rates on wealthy americans, a major sticking point for republicans. >> the way they're behaving is that their only priority is making sure that tax breaks for the wealthiest americans are protected. that seems to be their only overriding, unifying theme. >> reporter: after the
be described as a stopgap proposal, one to avoid the full impact of the fiscal cliff. it will allow congress to again take another crack at finding some way to deal with spending cuts and tax reform. gerri: stay with us, rich edson. thank you so much for that report. turning now to our guests. it's up to harry reid and mitch mcconnell, the two leaders in the senate. trying to craft something. how likely is it that there would be a bill that passed the senate and house? after all, that is the problem we have had a long. >> well, first, we have not en any details of this package. we are talking completel off-the-cuff, but we know will not be at 250. i think carrie reed has problems from new york like dianne feinein of california, and 250 will be a big pill to swallow. this is a fiscal cliff that we can have 50 days, 60 days down the road. it does not fix the problem if you ill have these taxes on $250,000 and above. as rich edson said, this is going to be another deadline in congress has to have. i think everyone needs to get comfortable with the fact that we are going to have these kinds of s
it is one or both of those things. >> let's bring in the congressional reporter for the washington post. are we looking at the real possibility that these negotiations will be passed on to the next congress? >> well, we are certainly getting closer and there is still time to go. the fact that mitch mcconnell and joe biden are now leading these talks is actually somewhat encouraging because these two have cut deals before. they have served together for quite a while in the senate. they were part of the debt ceiling negotiations last year and it was believed that mitch mcconnell would be brought in to these negotiations. the fact that they are still talking and on capitol hill yesterday and here today and remains hopeful that something can come suggests they are eager to cut some kind of a deal. we will have to wait and see whether or not it is conceivable by the end of the day. >> you wrote an article titled "the fiscal cliff is just an early battle in a war that democrats are going to win" where do you think republicans went wrong? >> well, you know, the problem for republicans i think
. >> in addition to the fiscal cliff, investors have their eye on the jobs market. the latest unemployment report from the government is expected to be released friday. >>> the new year means new members of congress will officially get to work this week. one of the first duties of the 113th congress? elect party leaders. house speaker john boehner could face a challenge. also on the agenda changes in committee assignments and possible revisions to house and senate rules. >>> to massachusetts now where heavy snow is pounding the state and bringing with it freezing temperatures. boston could see up to 8 inches of snow today. the city's mayor has already declared a snow emergency. a top priority is getting the roads cleared for public safety. >> my guys live for this, so they're at their best when this kind of weather comes along. they're all geared up. it's like christmas morning for them. >> the neighbors to the south in rhode island are breaking out the shovels this morning. we'll show you that video. about a foot of snow has already fallen in some parts of the state. i know it's wintertime and i
, the average american family would see a tax increase of more than $3400. as congress convened, even the senate chaplain praying to avoid what the president called self-inflicted wounds. let's bring in jon carl. the source has told you the vice president has been called in on this. >> reporter: that's right. i'm told the vice president is now playing a direct role in these negotiations, trying to get to a deal, a last-minute deal, a key player in the final hours. president obama set off the high-stakes weekend scramble friday night imemployering congressional leaders to take action immediately. >> the american people are not going to have any patience fora i politically self-inflicted wound to our economy. >> reporter: with that harry reid and mitch mcconnell launched a latch-dimp effort to craft a bipt plan to that stop the tax hike going into effect on new year's day. they negotiated all day saturday. saturday night there was an offer. by this morning, a clear sense of optimism and warnings that failure would be unthinkable. >> there are no breakthroughs yet, but there's a real possibility of
wednesday. until then the investigation will continue into what caused the fire. reporting live in san jose, kira klapper, abc7 news. >> kira, one fire captain predicts a long investigation, and as you said, it's already been ten hours. thank you. >>> a rare sunday session for congress. all eyes on the senate as the nation moves closer to the the brink of the fiscal cliff with massive spending cuts and tax hikes cut to automatically kick in. lawmakers will get down to work starting at 10:00 this morning our time. senate negotiators are trying to come up with a last-minute compromise to present to the house. president obama says any bipartisan bill has to extend unemployment benefits, affecting some 2 million americans. he says it must increase taxes on the highest income earners. the president knows neither side is going to get everything they want, and he thinks it's time for house republicans to compromise. it is very important for republicans in congress to say we aren't going to get 100%, at the need to compromise in order to solve problems. >> if there is enough in the agreement for re
of soldiers who died in combat. so if that's the way congress thinks it ought to balance the budget, by cutting the pensions for widows of soldiers, that's where we are now. >> chris, i respectfully disagree with ryan here. yes, there's a lot of pessimism among reporters here, but at the end of the day, when you talk to staffers in democratic and republican circles, all sides want to extend middle class tax rates. that rate discussion, to get to a threshold, $250,000, hopefully 400,000 if you're a conservative or republican, that is going to drive the deal. so the question is, how long do they draw this out between the 30th, 31st and the 1st? maybe they go over the cliff for 24 hours. >> well, i think it's worth mentioning, ryan, that wall street is open tomorrow. so maybe some of this could be driven by if we see the stock market tank, i wonder if they would put any pressure on congress. >> i suppose so, but i don't see the stock market moving on this. the irs said it's not reconfiguring its computers to deal with these tax questions. the pentagon and all the other government agenc
." founder of democracy for america, howard dean, maggie haberman, senior political reporter for politico and former minnesota governor tim pawlenty. now president and ceo of the financial services round table. thank you all for joining us. todd, we're talking about congress. this is a big moment for congress, obviously. but give us the perspective from the president's point of view. how important a moment right now is this going to be a test for president obama. >> i think it's a very big moment and sets the term for a second term. he thinks i has the public behind him and campaigned on these issues and won. the problem is, individual members of the house who outpolled him in their districts don't share that view so i think the stakes are very high for him and he has got to deliver something too and he knows it and that's why he's back here and maybe something will happen in the next 24 hours. >> you've seen the polls, governor pawlenty, by a large margin people right now are blaming republicans for this mess and made it clear if we go over the fiscal cliff, it's going to be republicans
in case they don't do what we are hoping they will do in the senate. >> reporter: yeah, that's absolutely right, t.j., president obama has been talking about this back-up plan. he's using the power of his bully pulpit to pressure congress to get something done. the basic message is, if they can't come up with a compromise, which is what leaders reid and mcconnell are working on now, they should at least put his proposal up for a vote. his proposal would include a number of things including extended the bush era tax cuts letting the tax cuts expire for the wealthiest americans. that is a big sticking point for americans. also extending on unemployment. here is what president obama had to say on that point on "meet the press." take a listen. >> i was modestly optimistic yesterday but we don't yet see an agreement. now the pressure is on congress to produce. if they don't, what i have said is that in the senate, we should go ahead and introduce legislation that would make sure middle class taxes stay where they are. there should be an up and down vote. everybody should have the right to vote
this small deal to show americans your doing something, congress and the white house are not completely dysfunctional. host: nancy cook is the budget and tax reporter for the national journal. how soon and we need to resolve some of these other issues in 2013, when we talk about the debt ceiling, arguments over the sequester? guest: we will hit the debt ceiling on december 31. tim geithner recently said that. the treasury department will take some extraordinary measures to extend that. that will last about two months. we have a little bit of win room. -- wiggle room. there will be a new congress in place. some of the faces will change, but it will be ongoing and probably something that is dated from mid january to mid february as they look to cut a deal around raising the debt ceiling. host: nancy cook is the national journal's budget and tax director. , for joining us. we're taking your calls on the your message to congress as we near this fiscal cliff the line. if go to indiana on the democratic line. jay is waiting. caller: good morning. and, for taking my call. -- thank you for taki
and congress to strengthen f.h.a.'s underwriting and fiscal position in recent years. however, as we have seen in a recent report on the financial status of the f.h.a., the legacy of loans insured in prior years still pose a threat to the fund that must be banished. it is important f.h.a. have a confirmed management team in place to continue oversight on this legacy of loans. ms. galante is a highly qualified nominee and i urge my colleagues to confirm her without delay. i yield the floor and note the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: quorum call: mr. mcconnell: mr. president, are we in a quorum call? the presiding officer: we are. mr. mcconnell: i ask that further proceedings on the quorum call be dispensed with. the presiding officer: without objection. mr. mcconnell: mr. president, my office submitted our latest offer to the majority leader last night at 7:10 p.m. and offered to work through the night to find common ground. the majority leader's staff informed us they would be getting back to us this morning at 10:00 a.m., despite the obv
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